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spending cuts and the $2.20 trillion, plus we can get $700 billion whichi support going back to the clinton levels. do you agree? has assessment was we have to look at tax rates being raised on the wealthiest instead of just looking at deductions. >> i think we need to do both. if you are going down my path, we need both. there is no way to get to that number with tax reform alone. if you consider we will not take away a charitable deduction and if your goal is not to raise taxes from lower and middle-income houses. there is no way to do the arithmetic. there is a lot of good ways of doing reform butthere is no good way of doing it to raise that kind of revenue. we need to do both. we need tax reform and we need higher tax rates on upper-income households. >> it seems to me you could do the tax rates at the end of the year because then you could make the kind of deal that you want. to some of the closing of the loopholes. -- and then do some of the closing of the loopholes. i would hope states that have strong businesses to support this,you could bring the corporate tax rate down and work o
spending cuts and the $2.20 trillion, plus we can get $700 billion whichi support going back to the clinton levels. do you agree? has assessment was we have to look at tax rates being raised on the wealthiest instead of just looking at deductions. >> i think we need to do both. if you are going down my path, we need both. there is no way to get to that number with tax reform alone. if you consider we will not take away a charitable deduction and if your goal is not to raise taxes from...
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Dec 8, 2012
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does the top rate have to end the 39.6% the way it was under bill clinton? could be democrats accept something between if it was coupled with a reduction in the ability on the top 2% to except a reduction of deductions? >> i do not want to second-guess what we might decide. i do not think that is what we should debate the right now. multimillionaires and what deductions they can take is something different. this is where we are. >> that is in addition to. >> yes, in addition to. the problem with having that debate now suggests that that is all we have to do is find that a hundred dollars billion, and we are done. -- find that $8 billion dollars and we are done. we get it from spending cuts shia we believe there needs to be revenue coming in. there have to be investments for economic competitiveness and economic growth. this is not just rhetoric. it is how we do tax policy. which is how we make investments and how we deal with those families in the video worried about debt and higher education and retirement. >> on the tax side, as part of the adults of a sol
does the top rate have to end the 39.6% the way it was under bill clinton? could be democrats accept something between if it was coupled with a reduction in the ability on the top 2% to except a reduction of deductions? >> i do not want to second-guess what we might decide. i do not think that is what we should debate the right now. multimillionaires and what deductions they can take is something different. this is where we are. >> that is in addition to. >> yes, in addition...
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among us to go back to the clinton rates for income above $250,000. >> the clinton tax rates, we need to go back. that's not a generic policy idea. that's really specific. the clinton tax rate for high income earners was 39.6%. that's what president obama was calling for during the campaign. that's still what president obama is calling for now. but now when you ask him if that's the red line, if it you ask if he will accept anything else, he doesn't really answer. >> tax rates. are you -- is there no deal at the end of the year if tax rates for the top 2% aren't the clinton tax rates, period. no ifs, ands or buts on that specific aspect of the fiscal cliff. >> with respect to the tax rates, i want to emphasize, i am open to new ideas. i'm not going to slam the door in their face. i want to hear -- i want to hear ideas from everybody. >> that's not a no. here is the treasury secretary timothy geithner. >> there's no agreement that doesn't involve the rates going up on the top 2%. >> not necessarily going up to the clinton era rates. just going up. today at a press conference at the cap
among us to go back to the clinton rates for income above $250,000. >> the clinton tax rates, we need to go back. that's not a generic policy idea. that's really specific. the clinton tax rate for high income earners was 39.6%. that's what president obama was calling for during the campaign. that's still what president obama is calling for now. but now when you ask him if that's the red line, if it you ask if he will accept anything else, he doesn't really answer. >> tax rates. are...
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Dec 9, 2012
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long tradition in arkansas, let's not forget one of the great presidents of the united states, bill clinton. we work hard down there but i can't get too specific on our prospects there yet. >> if i could return to the administration for a minute, governor. obviously, some governors are lobbying the white house on what they would like to see happen in some of the fiscal cliffs negotiations and some of the cut thass republicans and others want to make in these negotiations could impact state budgets. what do you see as your bottom line and what the cuts cannot do? -- or should not do. >> let's be clear about this, the president has this one right. we cannot balance this budget and make the changes we need to make in terms of the fiscal cliff, or or what i call the fiscal slope without ensuring that we ask the top 1% or 2% of the americans pay their fair share in income taxes. we all know that the top 1% or 2% is paying lower income taxes than any time in our history. they've had a great deal, president bush set that up for them but we as nation did better under the clinton tax policies where
long tradition in arkansas, let's not forget one of the great presidents of the united states, bill clinton. we work hard down there but i can't get too specific on our prospects there yet. >> if i could return to the administration for a minute, governor. obviously, some governors are lobbying the white house on what they would like to see happen in some of the fiscal cliffs negotiations and some of the cut thass republicans and others want to make in these negotiations could impact...
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host: what do you think about hillary clinton's future, hillary clinton in 2016? >> i think hillary clinton is the next logical step in a progressive society in america that we need. my grandfather was a democrat in delaware, he served two terms and i think -- i think she's what we really need. and i think that's what we need for the country to move ahead. host: steven an independent in connecticut. good morning to you. caller: good morning, thanks for taking my call. i really like hillary clinton, i think she's a hard worker, i think her old man is a hard worker too and whitewater was like three wars ago. it's a long time ago. but i'd like to see jeb bush also run against hillary clinton. i think those are two no nonsense personalities that can move our nation forward. thanks. host: so hey, steven, if jeb bush, if it's a bush-clinton race, for whom would you vote? caller: oh, gosh. i would lean toward jeb at this point because he has been really pushing education and education is one of my things. so right now he's got me. host: that's stephen, independent. who d
host: what do you think about hillary clinton's future, hillary clinton in 2016? >> i think hillary clinton is the next logical step in a progressive society in america that we need. my grandfather was a democrat in delaware, he served two terms and i think -- i think she's what we really need. and i think that's what we need for the country to move ahead. host: steven an independent in connecticut. good morning to you. caller: good morning, thanks for taking my call. i really like...
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so, hillary clinton i am for. i think it is really hard for a lot of presidents because the number one thing is to keep our ego out of it. i strongly support hillary clinton. i am very strong for education. i know that her being a democrat, i know that she would support obamacare and continue to support it and would not damage it in anyway. being a person who is impaired, i really appreciate that. host: last month there was a tribute, a video tribute, to hillary clinton. [video clip] >> she has put that all together in the pinnacle up until now in her public service which has in deer herd to millions and millions of people all over the world then the. ♪ >> she has been a splendid representative of the united states. >> she is doing it [indiscernible] ♪ >> in the end, it is not about being a good politician. it is about being a human being. >> we have always pushed human potential and promise forward. if you vbet on the side of human rights, human dignity, more countries may have the same extraordinary good for
so, hillary clinton i am for. i think it is really hard for a lot of presidents because the number one thing is to keep our ego out of it. i strongly support hillary clinton. i am very strong for education. i know that her being a democrat, i know that she would support obamacare and continue to support it and would not damage it in anyway. being a person who is impaired, i really appreciate that. host: last month there was a tribute, a video tribute, to hillary clinton. [video clip] >>...
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Dec 10, 2012
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bush and clinton administrations. both of you went to the same university. i'm sure you can agree on everything today. dr. zandi first. >> thank you for the opportunity. it is an honor to be here with kevin, a good friend of mine. let me say that these are my own personal views. lawmakers have to resolve three issues -- first, the fiscal cliff. second, raising the treasury debt ceiling, which as you know is becoming an issue rarely soon. third, achieving long-term fiscal sustainability. that is deficit reduction and tax increases and spending cuts that allow the gdp ratio to stabilize by the end of the decade. these three things need to be done now. in terms of the fiscal cliff, if policy is unchanged and we go over the cliff and there is still no change after that, the gdp in 2013 will 3.5 percentage points. subtract that and that is a severe recession. cbo and others are probably us are underestimating how severe that will be because confidence is very weak. it is unclear how the reserve would response to this. we need to scale back from the cliff. at the
bush and clinton administrations. both of you went to the same university. i'm sure you can agree on everything today. dr. zandi first. >> thank you for the opportunity. it is an honor to be here with kevin, a good friend of mine. let me say that these are my own personal views. lawmakers have to resolve three issues -- first, the fiscal cliff. second, raising the treasury debt ceiling, which as you know is becoming an issue rarely soon. third, achieving long-term fiscal sustainability....
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restoring the clinton tax rates is something i would support. we supported them back in 1991 when bill clinton was running for president. no problem on that. it is a reasonable adjustment, but may not be sufficient to reach the targets we need, and it does not help us in bipartisan bargaining, reaching a deal. i hope as this negotiation -- we ought to be at the irish times -- that they will not make a fetish of marginal tax rates if they should go up some, but do they need to go back where they were? i do not know. lots of ways to increase taxes on rich people, and it may be that a hybrid of marginal tax increases and the kind of base- broadening, loophole closing, expenditure closing that simpson-bowles proposed should be part of the mix. raising marginal rates does not guarantee you will get your intended target. very rich people depend more on investment income than on their labor income. if you want to get them -- and this is where mitt romney was able to pay a 14% tax rate on earnings of $14 million -- so if you are trying to get the super-
restoring the clinton tax rates is something i would support. we supported them back in 1991 when bill clinton was running for president. no problem on that. it is a reasonable adjustment, but may not be sufficient to reach the targets we need, and it does not help us in bipartisan bargaining, reaching a deal. i hope as this negotiation -- we ought to be at the irish times -- that they will not make a fetish of marginal tax rates if they should go up some, but do they need to go back where they...
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on january 1 we go back to the clinton tax rates on everybody. number two, there's the beginning of a process of $1.2 trillion in spending cuts from the -- half from the pentagon and half from domestic spending. it would be gradual. so if we got to january 1 with nothing done, congress would still have time to act in both areas before the impact of those policies took effect. host: if congress disagree -- if investors start to doubt a deal could be reached, the consequences could prove to be severe and difficult to reverse. causing consumers and businesses to retrench, dampening investment. a genie you could not put back in the bottle. guest: i think there is some basis for that. what's happened in congress, it's been dysfunctional, is that we are doing things not by steady negotiations but by super brinksmanship. that's what happened in the debt ceiling fight last august. that's what happened in the budget debate in december of 2011. when we went right up to the midnight hour to determine whether we were going to keep the lights on in government
on january 1 we go back to the clinton tax rates on everybody. number two, there's the beginning of a process of $1.2 trillion in spending cuts from the -- half from the pentagon and half from domestic spending. it would be gradual. so if we got to january 1 with nothing done, congress would still have time to act in both areas before the impact of those policies took effect. host: if congress disagree -- if investors start to doubt a deal could be reached, the consequences could prove to be...
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that is what bill clinton second term was about. he could keep him from getting to that point of bringing everything to gavel. >> this came from his best friend who runs a parking company. he said obama has been ridiculed in his brain. he is constantly working the room excuse to get the right conversation to move them forward. he's always thinking a few steps ahead. if i did eight incident be they would to see -- if i do a and they do b, it would be c. he was in this particular kind of business. he wanted to be in a longer- term business. he did not make enough concessions to the day-by-day noise of washington. >> i call this his pregame aptitude. he plays the game before the players take the field. the trick is when you get to be president. it can create a kind of reticence, a step back quality that you missed. all those variables change. >> i think he is learning. i altered his landscape. as i do that, i am ahead of the pack. >> you're talking about striving for greatness. he is going to need to strive for greatness and reorganize
that is what bill clinton second term was about. he could keep him from getting to that point of bringing everything to gavel. >> this came from his best friend who runs a parking company. he said obama has been ridiculed in his brain. he is constantly working the room excuse to get the right conversation to move them forward. he's always thinking a few steps ahead. if i did eight incident be they would to see -- if i do a and they do b, it would be c. he was in this particular kind of...
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i support going back to the clinton levels. do you agree? we should look at raising taxes on the wealthiest rather than just -- >> i think we need to do both. if you are going down my path, we need both. there is no way to get to that number with tax reform alone. if you consider we will not take away a charitable deduction and if your goal is not to raise taxes from lower and middle-income houses. there is no way to do the arithmetic. there is no good way of doing it to raise that kind of revenue. we need to do both. we need tax reform and we need higher tax rates on upper- income households. >> it seems to me you could do the tax rates at the end of the year because then you could make the kind of deal that you want. to some of the closing of the loopholes. you could bring the corporate tax rate down and work on the debt by closing the loopholes and subsidies. >> tax reform is complicated. nail down a framework and then go to work and try to figure this out. in terms of corporate tax reform, that is absolutely necessary. the goal would be
i support going back to the clinton levels. do you agree? we should look at raising taxes on the wealthiest rather than just -- >> i think we need to do both. if you are going down my path, we need both. there is no way to get to that number with tax reform alone. if you consider we will not take away a charitable deduction and if your goal is not to raise taxes from lower and middle-income houses. there is no way to do the arithmetic. there is no good way of doing it to raise that kind...
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michelle obama and bill clinton have been nominated for grammy awards. the first lady was nominated in the best spoken word category for the audio version of "american grown," the book that tells the story of the white house garden and encourages healthy eating. and the former president was nominated in the same category for "back to work, why we need smart government for a strong economy." the returns for this race will be on february 10th when we'll find out who won. we'll be right back. ...but he'd wait for her forever, for any reason, and would always be there with the biggest welcome home. for a love this strong, dawn only feeds him iams. compared to other leading brands, it has 50% more animal protein. ...to help keep rocky's body as strong as a love that never fades... if he ever lets her leave again. iams. keep love strong. >>> welcome back to "hardball." did republican efforts to suppress the vote backfire this time? in dozens of states they made efforts to keep people, especially minorities and poor people, from getting to the ballot box. they
michelle obama and bill clinton have been nominated for grammy awards. the first lady was nominated in the best spoken word category for the audio version of "american grown," the book that tells the story of the white house garden and encourages healthy eating. and the former president was nominated in the same category for "back to work, why we need smart government for a strong economy." the returns for this race will be on february 10th when we'll find out who won. we'll...
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a combination of allowing the rates on high earners to go back up to what they were under president clinton, and reducing the value of tax deductions and other tax benefits that they get. before i get to how much can be raised by the second, let me just say the president is very, very supportive of curbing tax deductions for high-income households. it's been a part of his plan from his very first budget. in fact, he was and remains the only major leaguer in washington that has put forward a specific, explicit plan that would limit those tax benefits for high-income households that's been examined by the joint committee on taxation, which is the official referee for these issues in congress. that plan, though, doesn't raise the revenue that you need. so out of the president's $1.6 trillion, $950 billion comes from decoupling. decoupling is the high-income rates going away, the middle- class tax cuts becoming permanent. that gets you $950 billion of revenue. the question is could you plausibly replace that revenue just by limiting tax expenditures. there have been lots of different ideas out
a combination of allowing the rates on high earners to go back up to what they were under president clinton, and reducing the value of tax deductions and other tax benefits that they get. before i get to how much can be raised by the second, let me just say the president is very, very supportive of curbing tax deductions for high-income households. it's been a part of his plan from his very first budget. in fact, he was and remains the only major leaguer in washington that has put forward a...
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secondly, if clinton reaches some agreement, how much leverage does russia have? and maybe too late for that anyway. and then, more technical question, which came up briefly before about the chemical weapons, if he does use chemical weapons, how exactly to reuse them, what are the mechanics of that? and the question i thought about for a long time with regards to syria, assuming post bashar theory of remains very chaotic which is a safe assumption come is in the iranian revolutionary guard the actor best prepared to take advantage of the situation? if after all had about a part in iraq on that front. how does the u.s. managed that? how do we do with that is not just the higher gc, that the terrorist groups. i'm not sure that's going to help teach at a deal with questions. particularly the day after the project you must have thought about a lot of these questions. so why don't we begin with you. >> thank you. your question is about the day after project quite >> escom ambassador ford spoke a little bit about the transition we expect to take place. according to our
secondly, if clinton reaches some agreement, how much leverage does russia have? and maybe too late for that anyway. and then, more technical question, which came up briefly before about the chemical weapons, if he does use chemical weapons, how exactly to reuse them, what are the mechanics of that? and the question i thought about for a long time with regards to syria, assuming post bashar theory of remains very chaotic which is a safe assumption come is in the iranian revolutionary guard the...
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to paraphrase bill clinton, we have to get to the point where we can address that, and in addition to the positives, i think we need to also go negative and the political campaigns exposed the hypocrisy. and the foreign fighter flows, are you seeing bigger numbers from the middle east and the arab world into, say, northern mali. >> northern mali is the tech challenge of the moment. the complete collapse of the malian government, so now there is no control in the northern two-thirds of the country, and i don't know how to describe it any way other than a safe haven for al qaeda in the lands of the islamic maghreb. islamic maghreb we believe is al qaeda's best financed affiliate, deriving their money from kidnap little for ransom, for involvement in the drug trade and other illicit trafficking, things so simple as fuel and tobacco and what have you. but they have a lot of money. now they have a lot of weapons. many of the -- again, for lack of a better term -- mercenaries mr. gadhafi fired to work in libya they decided they were not going to be paid or he was nose going to be around and
to paraphrase bill clinton, we have to get to the point where we can address that, and in addition to the positives, i think we need to also go negative and the political campaigns exposed the hypocrisy. and the foreign fighter flows, are you seeing bigger numbers from the middle east and the arab world into, say, northern mali. >> northern mali is the tech challenge of the moment. the complete collapse of the malian government, so now there is no control in the northern two-thirds of the...
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he worked as chief of staff in the clinton white house on the domestic policy council. he was the chief officer of the progressive policy institute. i want to remind you of a piece that came out before the election. people will clamor him to pursue a grand bargain. you can respond to any or all of that. guest: paul krugman is not a fan. i wish he would sit down with them and go into more details. there are some things he may not be aware of. on taxes, we'd do lower rates. this seems to be a problem for some people to grasp. how can you lower rates will we need more revenue? you do that by broadening the base. economists, a lot of them disagreed on the positive impact of simplifying the tax code or tax reform. most agree there is some evidence. we have some studies based on the 1986 tax reform plan. that impacted gdp in a positive way by about one percentage point. there is no consensus, but there is a general understanding there is a benefit. anyone who has done their taxes can understand this. the time alone to do your taxes, even with the great software, we have 70% o
he worked as chief of staff in the clinton white house on the domestic policy council. he was the chief officer of the progressive policy institute. i want to remind you of a piece that came out before the election. people will clamor him to pursue a grand bargain. you can respond to any or all of that. guest: paul krugman is not a fan. i wish he would sit down with them and go into more details. there are some things he may not be aware of. on taxes, we'd do lower rates. this seems to be a...
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the military is prepared to use poisen gas bombs, secretary of hillary clinton flew to dublin to hold a meetg with her russian counter part and u.n. enjoy to syria meeting to discuss how they would end the now 21-month long conflict in syria and how to move assad from power. and there's no sign they had to reverse the support, and toda a senior lawmaker says the syria government is now incapable of functioning properly. just before the meeting with the russian foreign minister, secretary clinton insisted that the united states and russia share common goals in the region. >> trying hard to work hard with russia to stop the bloodshed in syria and begin a political transition to a post asad future the pressure against the regime in and aroundamascus seems to be increasing. lou: at home, leon pa net fa issuing the -- panetta issuinghe sharpest warning yet. >> the president of t united states made it clear there will be consequences. there will be consequences if the assad regime makes a terrible mistake by using chemical weapons on their own people. lou: neither the white house or pentago
the military is prepared to use poisen gas bombs, secretary of hillary clinton flew to dublin to hold a meetg with her russian counter part and u.n. enjoy to syria meeting to discuss how they would end the now 21-month long conflict in syria and how to move assad from power. and there's no sign they had to reverse the support, and toda a senior lawmaker says the syria government is now incapable of functioning properly. just before the meeting with the russian foreign minister, secretary...
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four days ago, we offered a serious proposal based on testimony of president clinton's former chief of staff. since then, there has been no counteroffer from the white house. instead, reports indicate that the president has adopted a deliberate strategy to push our economy right to the edge of the fiscal cliff. instead of reforming the tax code and cutting spending, the president wants to raise tax rates. even if the president got the tax rate hike he wanted, understand we will continue to see $1 trillion deficits for as far as the eye can see. washington has got a spending problem, not a revenue problem. if the president does not agree with our proposal, we believe he has got an obligation to families and small businesses to offer a plan of his own, a plan that can pass both chambers of the congress. we are ready and eager to talk to the president about such a plan. >> you spoke with the president this week. how do you characterize that call? also, we understand that he is making clear that it will have to be increasing rates for the wealthy or no deal. are you willing to give a littl
four days ago, we offered a serious proposal based on testimony of president clinton's former chief of staff. since then, there has been no counteroffer from the white house. instead, reports indicate that the president has adopted a deliberate strategy to push our economy right to the edge of the fiscal cliff. instead of reforming the tax code and cutting spending, the president wants to raise tax rates. even if the president got the tax rate hike he wanted, understand we will continue to see...
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clinton did it legitimately, i think. but in other words, the keynesian idea was we run up a deficit when we have a swamp. we run up a large deficit when we have a slump and run up medium-sized deficits in times of prosperity. the u.s. government is spending about $3.6 trillion this year. federal spending has gone up at roughly twice the rate of economic growth. interest payments are temporarily manageable. but interest rates are at historic lows and likely to go up. our current situation is in no way comparable to that of the '40's when the national debt grew to an amount nearly equal to annual gdp. once the war ended, spending went down and the u.s. proceeded to grow at a greater than 4% annual rate for 20 years. that took care of the deficit or the debt with the problem. today, everything points in the other direction. interest rates are likely to go up. demand for further spending will increase for reasons i will get to a minute. state and local governments rely on federal transfers to balance their books. the state o
clinton did it legitimately, i think. but in other words, the keynesian idea was we run up a deficit when we have a swamp. we run up a large deficit when we have a slump and run up medium-sized deficits in times of prosperity. the u.s. government is spending about $3.6 trillion this year. federal spending has gone up at roughly twice the rate of economic growth. interest payments are temporarily manageable. but interest rates are at historic lows and likely to go up. our current situation is in...
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also, a piece on hillary clinton. president truman's oldest grandson, who was the first truman to travel to japan. tonight on c-span 3, a look at hiroshima. a talk with his trip and what he learned it. learned through his words teacher made that his grandfather went through and now he went through in hiroshige of. 6:00 for those on the west coast on c-span 3. here is a preview. [video clip] >> i tried to look down and i saw so many dead bodies floating on the surface. people --'s so many the people suffered from the burned bodies. they went into water. it jumped into the river. >> that was a survivor of the bombings in hiroshima telling her story for the first time to daniel on his first visit to the two cities where the bomb was dropped the in 1945. you are listening for the first time. what did you see your role as as you were listening to it? >> just to be there to listen to her and to let her speak and to let her do this for the first time. >> for her understanding she was talking to the grandson of the man who ma
also, a piece on hillary clinton. president truman's oldest grandson, who was the first truman to travel to japan. tonight on c-span 3, a look at hiroshima. a talk with his trip and what he learned it. learned through his words teacher made that his grandfather went through and now he went through in hiroshige of. 6:00 for those on the west coast on c-span 3. here is a preview. [video clip] >> i tried to look down and i saw so many dead bodies floating on the surface. people --'s so many...
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a return to that, what we saw during the clinton years. what will that do to the economy? >> it will hurt, but it is necessary. let me make a few points. first, i think tax reform is obviously better than raising tax rates. raising the top marginal tax rate is less desirable than try to scale back reductions in the tax code. i think there are some reasonable approaches to tax reform. working for the day, going to the code to decide what is good and what is bad. given that is not going to be the case, i think a proposal like maya's or even the president's is reasonable, and there is a lot of agreement for tax reform. i think it is $600 billion from the president. i think there is room here for compromise. the second that i will say is that this tax reform will not generate enough revenue. $4 trillion. by my calculation, we do not need $4 trillion, but it is a bigger number than just tax reform will be able to generate, so in that context, we will have to let tax rates rise, and if we had to do that with an amount that would do the least economic damage, it would allow that
a return to that, what we saw during the clinton years. what will that do to the economy? >> it will hurt, but it is necessary. let me make a few points. first, i think tax reform is obviously better than raising tax rates. raising the top marginal tax rate is less desirable than try to scale back reductions in the tax code. i think there are some reasonable approaches to tax reform. working for the day, going to the code to decide what is good and what is bad. given that is not going to...
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bush and clinton administrations. both of you went to the same university. i'm sure you can agree on everything today. dr. zandi first. >> thank you for the opportunity. it is an honor to be here with kevin, a good friend of mine. let me say that these are my own personal views. they don't represent the views of the moody's corporation. lawmakers have to resolve three issues -- first, the fiscal cliff. second, raising the treasury debt ceiling, which as you know is becoming an issue rarely soon. -- an issue fairly soon. third, achieving long-term fiscal sustainability. that is deficit reduction and tax increases and spending cuts that allow the gdp ratio to stabilize by the end of the decade. these three things need to be done now. in terms of the fiscal cliff, if policy is unchanged and we go over the cliff and there is still no change after that, the gdp in 2013 will 3.5 percentage points. subtract that and that is a severe recession. cbo and others are probably us are underestimating how severe that will be because confidence is very weak. it is unclear h
bush and clinton administrations. both of you went to the same university. i'm sure you can agree on everything today. dr. zandi first. >> thank you for the opportunity. it is an honor to be here with kevin, a good friend of mine. let me say that these are my own personal views. they don't represent the views of the moody's corporation. lawmakers have to resolve three issues -- first, the fiscal cliff. second, raising the treasury debt ceiling, which as you know is becoming an issue...
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secretary clinton was in algeria to discuss mali among other issues approximately a month ago. the third challenge in mali is terrorism. we are gravely concerned about the presence and activities of terrorists and extremist groups in northern mali. al qaeda in the islamic magrab, the movement for unity and jihad in west africa known as mujoa and other affiliated groups have exploited the political unrest created by the march coup and the northern rebellion to expand their safe havens in northern mali and to impose their ideology on local communities throughout the northern part of the country. while these tactics remain alien to the vast majority of the population in the affected areas, aqim and majoa have established at least temporary relationships with a number of groups in northern mali and currently control the key cities of timbuktu, and nidal. any attempt to militarily oust aqim from the area must be african-led, it must be malian-led. it must be well planned, well organized and well resourced to be successful. military plans must also account for civilian security and h
secretary clinton was in algeria to discuss mali among other issues approximately a month ago. the third challenge in mali is terrorism. we are gravely concerned about the presence and activities of terrorists and extremist groups in northern mali. al qaeda in the islamic magrab, the movement for unity and jihad in west africa known as mujoa and other affiliated groups have exploited the political unrest created by the march coup and the northern rebellion to expand their safe havens in...
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michelle obama and bill clinton have been nominated for grammy awards. the first lady was nominated in the best spoken word category for the audio version of "american grown," the book that tells the story of the white house garden and encourages healthy eating. and the former president was nominated in the same category for "back to work, why we need smart government for a strong economy." the returns for this race will be on february 10th when we'll find out who won. we'll be right back. >>> welcome back to "hardball." did republican efforts to suppress the vote backfire this time? in dozens of states they made efforts to keep people, especially minorities and poor people, from getting to the ballot box. they shortened early voting periods. well, it didn't work. minority turnout remained steady from 2008, and in some states it increased, like ohio. some civil rights leaders say it was those attempts at voter suppression that drove voters out to vote even if it meant standing in line for hours. what is clear is the republican party has a deeper problem
michelle obama and bill clinton have been nominated for grammy awards. the first lady was nominated in the best spoken word category for the audio version of "american grown," the book that tells the story of the white house garden and encourages healthy eating. and the former president was nominated in the same category for "back to work, why we need smart government for a strong economy." the returns for this race will be on february 10th when we'll find out who won. we'll...
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michelle was nominated for the audio version of her book and bill clinton was nominated for "50 shades of grey." >> thanks for starting your morning with us. we have much more ahead on "cnn saturday morning" which starts right now. >>> good morning, everyone. i'm randi kaye. victor blackwell is off. it is 7:00 on the east coast, thanks so much for starting your morning with cnn. it was supposed to be just for laughs. humor. the listeners with a lighthearted prank. two radio deejays called the hospital where the duchess of cambridge was getting treated and tricked a nurse to give details of her condition. two days later the nurse took her own life and now the deejays behind it are off the air. >> the house has mutually decided that this show will not return until further notice out of respect of what can only be described as a tragedy. >> cnn's matthew chance has more now on the story generating outrage around the world. >> you know what, they were the worst accents ever. >> it was meant as a light hearted aussie prank, even after their station issued an apologies the two deejays made l
michelle was nominated for the audio version of her book and bill clinton was nominated for "50 shades of grey." >> thanks for starting your morning with us. we have much more ahead on "cnn saturday morning" which starts right now. >>> good morning, everyone. i'm randi kaye. victor blackwell is off. it is 7:00 on the east coast, thanks so much for starting your morning with cnn. it was supposed to be just for laughs. humor. the listeners with a lighthearted...
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it's former president bill clinton. he's nominated for his book "back to work." my colleague and friend, rachel maddow was nominated for her book "drift." incredible. but i'm disappointed. there's some serious snubs this year. i mean, how did this fellow performer not make the list. ♪ >> that deserved something. and mitt romney's tough year just got tougher. look at this snub. ♪ o beautiful for spacious skies for amber waves of grain ♪ ♪ for purple mountains majesty, above the fruited plain ♪ >> and perhaps the biggest snub of all, not jusn
it's former president bill clinton. he's nominated for his book "back to work." my colleague and friend, rachel maddow was nominated for her book "drift." incredible. but i'm disappointed. there's some serious snubs this year. i mean, how did this fellow performer not make the list. ♪ >> that deserved something. and mitt romney's tough year just got tougher. look at this snub. ♪ o beautiful for spacious skies for amber waves of grain ♪ ♪ for purple mountains...
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if their competitor in 16 is going to be hillary clinton supported by bill clinton and presumably a still-popular president barack obama, trying to winl that will be truly the super bowl. and the republican party today is incapable of competing at that level. >> dana? >> newt gingrich's crystal ball has had some difficulties before because he predicted that this year we would have president newt gingrich, which didn'texac pated. he makes a valid point about hillary. it's not that surprising. but also, and i think we've discussed this before, it seemed very likely that the party that won in 2012 would be in a formidable position in 2016 because of where the economy is likely to be because of where it was in 2012. so the incumbent party, the democrats in this case, are going to be in a very strong position. and if hillary is the nominee, obviously, she's going to be the beneficiary of that. >> i just love a world where after being bill clinton's presidency, now gingrich is one of the great clinton champions, along with much of the republican party. it has been fast nating to see the republicans emb
if their competitor in 16 is going to be hillary clinton supported by bill clinton and presumably a still-popular president barack obama, trying to winl that will be truly the super bowl. and the republican party today is incapable of competing at that level. >> dana? >> newt gingrich's crystal ball has had some difficulties before because he predicted that this year we would have president newt gingrich, which didn'texac pated. he makes a valid point about hillary. it's not that...
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if julian wants so much the clinton tax rates, that's fine, i'll go along with that if we had the clinton era vernment spending which we don't. >> brenda: okay. all right, we've got to go. thanks, guys. so, see this? last year, it was a union uproar in wisconsin and now we're seeing this. a different state, same scene, neil and his gang saying all taxpayers should be paying attention. that's at e bottom of the hour, but up here first, did you hear this? >> our people in an overwhelming supported this president and there ought to be a quid pro quo. >> brenda: a detroit council woman demanding a bailout after voting the president in. guess where the president is heading on monday? should taxpayeyeyeyeyeyennel. i'll sd you back to bulls and bears, me headlines just 30 mines away. >> we showed youhe votes. now show us the money. >> our people in an overwhelmingly supported the reelection of this president and there ought to be a quid pro quo and ought to exercise leadership on that. of course, not just that, but why not. >> brenda: why not, huh? detroit council woman joanne watson asked for b
if julian wants so much the clinton tax rates, that's fine, i'll go along with that if we had the clinton era vernment spending which we don't. >> brenda: okay. all right, we've got to go. thanks, guys. so, see this? last year, it was a union uproar in wisconsin and now we're seeing this. a different state, same scene, neil and his gang saying all taxpayers should be paying attention. that's at e bottom of the hour, but up here first, did you hear this? >> our people in an...
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it's only after that that the taxes go back to clinton era. and because this is a different time and place, i support giving a tax break, continuing it for 98%, but asking the wealthiest to pay their fair share for the greatest country on the face of this earth. my father was born into dire poverty. he was the only one of nine children born in america. he was the only one of nine children to go to college at night in your great state, madam president. city college. at night. while he supported a family by day. he became a c.p.a., and after he got his bachelor's, he went at night to a place called brooklyn law school, where he got his law degree in five years. i was about ten. this is america. he was able to do that. and when he was a c.p.a., he would oversee everybody's taxes in the family. and i was a kid, and i got my first job working for a long time. i was a telephone operator for hilton hotels one summer. i'll never forget it. i was not good at it. i kept putting the -- those wires into the wrong places. but i managed to get through. and
it's only after that that the taxes go back to clinton era. and because this is a different time and place, i support giving a tax break, continuing it for 98%, but asking the wealthiest to pay their fair share for the greatest country on the face of this earth. my father was born into dire poverty. he was the only one of nine children born in america. he was the only one of nine children to go to college at night in your great state, madam president. city college. at night. while he supported...
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clinton 95 of them. isn't this destined for the supreme court? if you have the legislative branch and the executive branch disagreeing, then you need the third arbiter here. >> reporter: yes, but sometimes the third arbiter says, this is strictly a political question. it's not really for us to decide it. so i don't know how it will come out. the courts may decide. the tactics being used to challenge the president's recess authority. what's happening is the business groups with the backing of the chamber of commerce are criticizing decisions made by the national labor relations board. >> right. >> because kaat the same time t president put three members on the mlrb. that's how they're attacking the recess power. >> all right. pete williams, this should be interesting. >> reporter: you bet. >> we'll see if they punt, i'd rather see this go to the supreme court. that's what the constitution is for. >> reporter: from a journalistic point of view. >> you love it when the constitution is used. >> reporter: absolutely. >>> the opening bell rang just rig
clinton 95 of them. isn't this destined for the supreme court? if you have the legislative branch and the executive branch disagreeing, then you need the third arbiter here. >> reporter: yes, but sometimes the third arbiter says, this is strictly a political question. it's not really for us to decide it. so i don't know how it will come out. the courts may decide. the tactics being used to challenge the president's recess authority. what's happening is the business groups with the backing...
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this hillary clinton nutcracker and bill clinton corkscrew set? and once they have had their fill of wine and nuts they can cook up plenty of manly meat on this barbecue grill is definitely killing two birds with one stone. finally your
this hillary clinton nutcracker and bill clinton corkscrew set? and once they have had their fill of wine and nuts they can cook up plenty of manly meat on this barbecue grill is definitely killing two birds with one stone. finally your
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if julian wants so much the clinton tax rates, that's fine, i'll go along with that if we had the clinton era government spending whic we don't. >> brenda: okay. all right, we've got to go. thanks, guys. so, see this last year, it was a union uproar in wisconsin and now we're seeing this. a diffent state, same scene, neil and his gang sayg all taxpayers should be paying attention. that's at the bottom of the hour, but up herefirst, did you hear this? >> our people in an overwhelming supported this president and there ought to be a quid pro quo. >> brenda: a detroit council woman demanding a bailout after voting the president in. guess where the president is heading on monday? heading on monday? should taxpayeyeyeyeye [ malennouncer ] it's tt time of year again. time for citi price rewind. because your daughter really wants that pink castle thing. and you realldon't want to pay more than you have to. only citi price rewind automatically searches for the lowest price. and if it findone, you get refunded the difference. just use your citi card and register your purchase online. have a super
if julian wants so much the clinton tax rates, that's fine, i'll go along with that if we had the clinton era government spending whic we don't. >> brenda: okay. all right, we've got to go. thanks, guys. so, see this last year, it was a union uproar in wisconsin and now we're seeing this. a diffent state, same scene, neil and his gang sayg all taxpayers should be paying attention. that's at the bottom of the hour, but up herefirst, did you hear this? >> our people in an overwhelming...
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and the clinton global initiative to transform the civic city into the first of its kind sustainable resource district. since then we have built 525 golden gate, our puc building, one of the greenest in north america and on track to receive lead platinum certification. yes. we have installed electric charging stations here at civic center. we have free wi-fi. we have installations at the urban gardens and led lights in the plaza and we continue to do even more. i am proud to announce here that we have applied for lead certification of eight of the existing buildings in the san francisco historic civic center district. [applause] that will represent more than 2.2 million square feet of civic real estate, including buildings such as city hall, the symphony, the library, the art museum and more. it's challenging to retrofit some of the buildings for energy efficiency and water conservation but we have done it. once lead certified the civic center retrofit strategies and technology can serve as a model to other cities and i would like to take this opportunity to recognize leaders from al
and the clinton global initiative to transform the civic city into the first of its kind sustainable resource district. since then we have built 525 golden gate, our puc building, one of the greenest in north america and on track to receive lead platinum certification. yes. we have installed electric charging stations here at civic center. we have free wi-fi. we have installations at the urban gardens and led lights in the plaza and we continue to do even more. i am proud to announce here that...
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he says representative cole if we restore the clinton tax rates today than in ten years, 2022, we have the deficit where it should be. >> guest: he is certainly correct to generate a great deal more revenue. if we did that let's say they made for under $50,000 that is a 2,000-dollar tax increase and again i don't think the president wants to do that. he said he doesn't want to do that our side doesn't want to do that. you know, going back to the clinton tax rate, and remember the average american family has taken a terrific hit. the median household income for years ago when the president became the president was around $54,000 a year and is about 50 now. so this portion of the population which is gotten squeezed tremendously i don't think adding an extra tax at the 98 percent is going to, number one, be very helpful to the more helpful to the economic growth. number two it's how much you want the folks to pay? so again, freezing those tax rates with an overwhelming majority of americans is a smart thing to do, we ought to do it and both sides say they want to. >> host: and you said ea
he says representative cole if we restore the clinton tax rates today than in ten years, 2022, we have the deficit where it should be. >> guest: he is certainly correct to generate a great deal more revenue. if we did that let's say they made for under $50,000 that is a 2,000-dollar tax increase and again i don't think the president wants to do that. he said he doesn't want to do that our side doesn't want to do that. you know, going back to the clinton tax rate, and remember the average...
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if julian wants so much the clinton tax rates, that's fine, i'll go along with that if we had the clinton era government spending which we don't. >> brenda: okay. all right, we've got to go. thanks, guys. so, see this? last year, it was a union uproar in wisconsin and now we're seeing this. a different state, same scene, neil and his gang saying all taxpayers should be paying attention. that's at the bottom of the hour, but up here first, did you hear this? >> our people in an overwhelming supported this president and there ought to be a quid pro quo. >> brenda: a detroit council woman demanding a bailout after voting the president in. guess where the president is heading on monday? should taxpayers watch their bacon? ground for less than the ups store. that's right. i've learned the only way to get a holiday deal is to camp out. you know we've been open all night. is this a trick to get my spot? [ male announcer ] break from the holiday stress. save on ground shipping at fedex office. [ male announcer ] break from the holiday stress. is bigger than we think ... sometimelike the flu.fer f
if julian wants so much the clinton tax rates, that's fine, i'll go along with that if we had the clinton era government spending which we don't. >> brenda: okay. all right, we've got to go. thanks, guys. so, see this? last year, it was a union uproar in wisconsin and now we're seeing this. a different state, same scene, neil and his gang saying all taxpayers should be paying attention. that's at the bottom of the hour, but up here first, did you hear this? >> our people in an...
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he increased the income tax by 10%, but the huge surge in revenues under clinton came through the capital gains tax cut, not from the income-tax increase. lou: you and i have do what the repblicans, perhaps too often. we talk about the economics of it, the theory of it, if you will, the extraction of t, but but the realitys the republican party has not come up with a rejoinder, a respnse to a, if you will, a socialist redistributionist president who right now claims thefield is on because there is no other standard flying over that field. there is a spker of the house to is simply saying, this is not right. you know, we are not at the table and complaining, but not, not engaging. >> i think we have got to engage the argument. we cannot win the argument while acknowledging that an increase in tax rates would increase revenues and all. it will just today the top 1 percent are paying about 40 percent of the income tax. the top 25 percent are paying 87% of the income tax. it does not get any better than that. this is under the bush tax rates. you eliminate the tax rates and you will get less
he increased the income tax by 10%, but the huge surge in revenues under clinton came through the capital gains tax cut, not from the income-tax increase. lou: you and i have do what the repblicans, perhaps too often. we talk about the economics of it, the theory of it, if you will, the extraction of t, but but the realitys the republican party has not come up with a rejoinder, a respnse to a, if you will, a socialist redistributionist president who right now claims thefield is on because there...
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secretary clinton took action. she said we will deny them the opportunity of coming to america. we had that authority. the secretary of the treasury has certain authority to deny the rights of our banking system. so we have -- our agencies have the inherent authority to block human rights violators from coming to america or using our banking system. should we legislate to make that clear? absolutely. absolutely. should we pass legislation that's global? absolutely. and i hope we'll do that. today we have the opportunity to make a major advance. to establish the standard in statute that we expect will be honored internationally, globally, to provide the tools to act against russia because this is a pntr-russia bill. we'll be able to do that. we also have the tools in place to be able to take further action. so what i said earlier i think is absolutely true. this is the end of a chapter of u.s. leadership. i can tell you when senator jackson and congressman vanik suggested the use of trade as a leverage to block trade with countries, that they didn't respect a basic human right of
secretary clinton took action. she said we will deny them the opportunity of coming to america. we had that authority. the secretary of the treasury has certain authority to deny the rights of our banking system. so we have -- our agencies have the inherent authority to block human rights violators from coming to america or using our banking system. should we legislate to make that clear? absolutely. absolutely. should we pass legislation that's global? absolutely. and i hope we'll do that....
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yesterday secretary of state hillary clinton repeated her warning that the u.s. is ready to take swift action. >> our concerns are that increasingly desperate assad regime might turn to chemical weapons or might lose control of them to one of the many groups that are now operating within syria. we have sent an unmistakable message that this would cross a red line. and those responsible would be held to account. >> u.s. officials stress the chemical bonds remain in storage depots and president assad has not issued any warning to use them. egypt is going into political turmoil after intense clashes on the doorstep of the presidential palace. it's the largest confrontation the country has seen since the revolution that overthrew mubarak. tens of thousands of supporters of president morsi remain divided. critics of morsi say he's attempting to establish a new dictatorship by rushing through a new constitution with an islamic agenda. >>> the loss of american jazz legend. you probably recognize his song you're hearing now. "take five" of dave brubeck. he died yesterday
yesterday secretary of state hillary clinton repeated her warning that the u.s. is ready to take swift action. >> our concerns are that increasingly desperate assad regime might turn to chemical weapons or might lose control of them to one of the many groups that are now operating within syria. we have sent an unmistakable message that this would cross a red line. and those responsible would be held to account. >> u.s. officials stress the chemical bonds remain in storage depots and...
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every incumbent, clinton, reagan, bush, clinton had a record to run on, but they grilled him. >> let's go back to the meeting. you bring up some other things in this clip. [video clip] >> in 1960, we had 36% of black males incarcerated. i was rereading the report written for president johnson about the state of black americans in 1964. then i thought about today where we have 65% of blacks in prison. i look back at the report and i saw at the time, it said the biggest thing he saw affecting black americans was the breakdown of the black family. >> two issues. 65% of black americans are in prison today? >> it is quite an enormous amount. i think it is about 55%. i do not have the -- >> why? i have heard people say the reason is because of the laws that are written against the black folks, and the drugs, crack cocaine verses the powder. >> shelby steele, a great professor at stanford and a great published author, writes a lot about this. he comes to mind. this was written when the trayvon martin shooting happened. it is not the sentencing guidelines the reason why you have a disproportio
every incumbent, clinton, reagan, bush, clinton had a record to run on, but they grilled him. >> let's go back to the meeting. you bring up some other things in this clip. [video clip] >> in 1960, we had 36% of black males incarcerated. i was rereading the report written for president johnson about the state of black americans in 1964. then i thought about today where we have 65% of blacks in prison. i look back at the report and i saw at the time, it said the biggest thing he saw...
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clinton will likely sign on to work with her husband at the clinton foundation for a while and could possibly write a book about her time as secretary of state. >>> speaking of political contenders, there could be a bruising and very entertaining battle just around the corner in new jersey. newark mayor cory booker says he will decide in the next two weeks whether he plans or not plans to challenge governor chris christie next year. >> i am absolutely considering running for governor as well as giving other options some consideration. >> if you decide not to run for governor, is there any chance you might run for another office, say senate, for example? >> yeah, i'm actually looking at that a lot as well and trying to give back because life ultimately is not about a position it's about a purpose. my purpose that i try to focus on every single day is how can i make a difference in the world around me and the community around me. i'm really thinking about both offices right now and which one can i better serve on the issues that i'm passionate about and the things i feel driven to cont
clinton will likely sign on to work with her husband at the clinton foundation for a while and could possibly write a book about her time as secretary of state. >>> speaking of political contenders, there could be a bruising and very entertaining battle just around the corner in new jersey. newark mayor cory booker says he will decide in the next two weeks whether he plans or not plans to challenge governor chris christie next year. >> i am absolutely considering running for...
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the clinton world is not sitting quietly, though. t "the new york times" kicked off what is likely to become a monthly exercise by somebody in the media. we may come up with a meter. probably throw in jeb in there, right? we should call it the hillary jebatron version 2016. probably jon stewart starting that up already. jodie cantor interviewed a number of clinton aides about future plans and strikingly a lot of them talked. while clinton has dozens of options when she leaves the state department, cantor makes a smart observation. she is a big constraint. the more serious she is about 2016 the less she can do. no frank, seen it all memoir, no clients, commissions that could prove problematic in the 2016 primaries or the general. instead cantor reports that secretary clinton is considering writing an upbeat look at her time as secretary of state. not a painful examination of her failed 2008 bid as she once proposed. likely to be quoted in a handful of clinton aides willing to go on the record with "the times" even when asked questions
the clinton world is not sitting quietly, though. t "the new york times" kicked off what is likely to become a monthly exercise by somebody in the media. we may come up with a meter. probably throw in jeb in there, right? we should call it the hillary jebatron version 2016. probably jon stewart starting that up already. jodie cantor interviewed a number of clinton aides about future plans and strikingly a lot of them talked. while clinton has dozens of options when she leaves the...